国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China to strengthen financial regulation amid asset bubble risks: official

Source: Xinhua| 2018-01-30 14:58:04|Editor: Liangyu
Video PlayerClose

BEIJING, Jan. 30 (Xinhua) -- China will further strengthen financial regulation as there are still risks of asset bubbles, a senior central bank official wrote in an article.

Yi Gang, vice governor of the People's Bank of China (PBOC), said that the central bank will bring shadow banking, property financing, and web-based financial activities under its macro-prudential supervision framework.

The "two-pillar" policy framework that includes the macro-prudential and monetary policies, introduced by the PBOC last year, will be improved and should play a better role in preventing systematic risks and maintaining financial stability, Yi said.

To address overall financial risks, the central bank expanded its macro-prudential assessment (MPA) framework last year by including off-balance-sheet wealth management products. It will further improve its supervision by covering negotiable certificates of deposits (NCDs) from the first quarter of 2018.

Under the macro-prudential policy, the central bank will work to bolster green financing and conduct counter-cycle adjustments for capital flows, Yi said.

"China's economy is expected to post steady growth in 2018 thanks to the continuing structural reforms, simplification of administrative procedures, and implementation of an innovation strategy, but potential risks in the economy should also be monitored," Yi said.

Yi said he believes the structural readjustment will be an arduous task as the country's debt and leverage levels remain high.

He said regulators should still be alert to hidden risks. "Prudent monetary policy should be kept neutral, the floodgates of monetary supply should be controlled, and credit and social financing should see reasonable growth."

Yi called for more efforts to advance financial reforms, push forward the marketization of the yuan's exchange rate, and promote inclusive finance to channel more capital into key economic sectors and weak links.

The article was published in China Finance, a PBOC magazine.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369361921
主站蜘蛛池模板: 淅川县| 手游| 阿瓦提县| 怀柔区| 方山县| 阜南县| 平南县| 酉阳| 皮山县| 宁远县| 山丹县| 德令哈市| 卢氏县| 收藏| 罗甸县| 万山特区| 巴彦淖尔市| 霍城县| 井研县| 化德县| 重庆市| 满洲里市| 桃江县| 疏勒县| 阳谷县| 浑源县| 拜泉县| 新宁县| 勐海县| 仁布县| 石渠县| 辛集市| 长海县| 鄂伦春自治旗| 赤水市| 霞浦县| 方正县| 西林县| 甘谷县| 容城县| 平乐县|